The right way to use a HELOC for credit-card debt If someone is going to use a HELOC to tackle credit-card debt, they first need to identify and address the underlying issues that landed them in debt.

Banks are pitching home-equity lines of credit as a cheaper form of borrowing as Federal Reserve rate cuts could lower HELOC rates to the mid-6% range, according to one estimate.

By the first quarter of 2025, credit card debt in the United States was estimated to be $1.18 trillion, according to data from Statista via the New York Federal Reserve.

Many Americans say President Donald Trump’s tariffs will make it harder for to manage or repay debt, a survey found. Experts ...

Americans are carrying more debt than ever before. According to the Federal Reserve Bank of New York, household debt hit ...

The Federal Reserve rate doesn’t have the same impact on savings yields as on credit card rates, says Matt Schulz, chief consumer finance analyst at DepositAccounts.com, but there’s still an ...

This type of loan is often used to consolidate expensive credit card debt for a lower rate. Debt consolidation loans have fixed rates, unlike variable credit card APRs, which makes budgeting easier.

While investors worry about the markets, the Federal Reserve Bank of Philadelphia is raising the alarm about another economic indicator: credit card payments.

FICO will include buy now, pay later data in credit scores starting this fall. Buy now, pay later loans have surged in popularity, raising concerns among some economists. Gen Z are major BNPL ...

Goldman Sachs beats Q2 estimates with $840M trading revenue surprise, driven by record equities performance and renewed ...

Food prices rose at a rate of 4.5% and transport prices rose by 1.7% in the 12 months to June, up from 0.7% in May.

JPMorgan told FinTechs that it will charge for access to its customers’ bank information. The fees would bring big bucks to JPMorgan but eat into the profit margin of any lender or credit reporting ...